Commercial Real Estate Direct Staff Report Waterbridge Capital hasn’t yet completed its proposed purchase of the Union Bank Plaza office building in Los Angeles The New York investment manager, led by Joel Schreiber, the first investor in...
The pace of transfers of CMBS loans into special servicing slowed appreciably in January, resulting in a 038 percent drop in the total volume of loans with special servicers, to $3162 billion, according to Trepp Inc That amounts to 511 percent of...
JLL Capital Markets has originated a $3116 million Freddie Mac loan against Epoque Golden, a 120-unit apartment property in Golden, Colo The five-year loan pays a fixed coupon and requires only interest payments for its entire term It allowed the...
Columbus Business First An entity of ExchangeRight has paid $24 million, or $20730/sf, for Walnut Creek Plaza, a 115,777-square-foot retail center in Columbus, Ohio The Pasadena, Calif, company purchased the property from an affiliate of Apollo...
Crain’s New York Business Hilton has paid $1356 million, or $842,236/room, for the 161-room Central at 5th by Hilton Club time-share hotel property in midtown Manhattan The McLean, Va, company bought the property, at 12 East 48th St, from 54...
Nella Invest has paid $678 million, or $423,750/room, for the 160-room AC Hotel Phoenix Biltmore by Marriott in Phoenix The Auburn, Calif, investor purchased the property from a venture of Holualoa Cos and LaPour Partners, which was represented by...
San Antonio Business Journal Internacional Realty has bought The Landings at Brooks, a 300-unit apartment property in San Antonio The local multifamily company acquired the property from Pensam Capital of Miami, which had owned it since 2014 The...
Commercial Real Estate Direct Staff Report Office leasing activity in Manhattan totaled 443 million square feet in January, according to Colliers, marking the borough’s strongest month of leasing activity since December 2019 But the volume was...
MetLife Investment Management has provided $691 million of mortgage financing to facilitate the purchase of the Walnut Business Park, a 33-building industrial property with 330,946 square feet in Walnut, Calif JLL Capital Markets arranged the...
A venture led by Midloch Investment Partners has acquired three apartment properties with 652 units in Madison and Sheboygan, Wis, for a total of $71 million The two Sheboygan properties were purchased from Optimum Property Management of Milwaukee...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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